EMERSON ELECTRIC CO. - 1H - Technical analysis published on 09/12/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
72%
11%
17%
My opinion
Bullish above 99.39 USD
My targets
100.84 USD (+0.74%)
102.04 USD (+1.94%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on EMERSON ELECTRIC CO. as long as the price remains well above 99.39 USD. The buyers' bullish objective is set at 100.84 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 102.04 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
8
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Additional analysis
Quotes
The EMERSON ELECTRIC CO. rating is 100.10 USD. The price registered a decrease of -0.02% on the session and was between 99.83 USD and 100.62 USD. This implies that the price is at +0.27% from its lowest and at -0.52% from its highest.99.83
100.62
100.10
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of EMERSON ELECTRIC CO. in 1H shows a strongly overall bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, according to the parameters integrated into the Central Analyzer system, 13 technical indicators out of 18 analysed are currently bullish. Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
Price
S3 | S2 | S1 | Price | |
---|---|---|---|---|
ProTrendLines | 95.27 | 96.99 | 99.39 | 100.10 |
Change (%) | -4.83% | -3.11% | -0.71% | - |
Change | -4.83 | -3.11 | -0.71 | - |
Level | Minor | Major | Minor | - |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 97.52 | 98.21 | 99.17 | 99.86 | 100.82 | 101.51 | 102.47 |
Camarilla | 99.67 | 99.82 | 99.97 | 100.12 | 100.27 | 100.42 | 100.57 |
Woodie | 97.65 | 98.28 | 99.30 | 99.93 | 100.95 | 101.58 | 102.60 |
Fibonacci | 98.21 | 98.84 | 99.23 | 99.86 | 100.49 | 100.88 | 101.51 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 95.62 | 96.56 | 97.76 | 98.70 | 99.90 | 100.84 | 102.04 |
Camarilla | 98.36 | 98.56 | 98.75 | 98.95 | 99.15 | 99.34 | 99.54 |
Woodie | 95.74 | 96.63 | 97.88 | 98.77 | 100.02 | 100.91 | 102.16 |
Fibonacci | 96.56 | 97.38 | 97.89 | 98.70 | 99.52 | 100.03 | 100.84 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 83.17 | 86.54 | 92.40 | 95.77 | 101.63 | 105.00 | 110.86 |
Camarilla | 95.71 | 96.56 | 97.40 | 98.25 | 99.10 | 99.94 | 100.79 |
Woodie | 84.41 | 87.16 | 93.64 | 96.39 | 102.87 | 105.62 | 112.10 |
Fibonacci | 86.54 | 90.07 | 92.25 | 95.77 | 99.30 | 101.48 | 105.00 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
RSI (14): | 61.73 | |
MACD (12,26,9): | 0.3900 | |
Directional Movement: | 13.34 | |
AROON (14): | 64.29 | |
DEMA (21): | 100.27 | |
Parabolic SAR (0,02-0,02-0,2): | 99.96 | |
Elder Ray (13): | 0.20 | |
Super Trend (3,10): | 98.96 | |
Zig ZAG (10): | 100.11 | |
VORTEX (21): | 1.1400 | |
Stochastique (14,3,5): | 78.91 | |
TEMA (21): | 100.38 | |
Williams %R (14): | -29.59 | |
Chande Momentum Oscillator (20): | 0.81 | |
Repulse (5,40,3): | -0.4400 | |
ROCnROLL: | 1 | |
TRIX (15,9): | 0.0600 | |
Courbe Coppock: | 2.14 |
MA7: | 99.15 | |
MA20: | 97.58 | |
MA50: | 94.35 | |
MA100: | 88.90 | |
MAexp7: | 100.14 | |
MAexp20: | 99.77 | |
MAexp50: | 99.13 | |
MAexp100: | 98.29 | |
Price / MA7: | +0.96% | |
Price / MA20: | +2.58% | |
Price / MA50: | +6.09% | |
Price / MA100: | +12.60% | |
Price / MAexp7: | -0.05% | |
Price / MAexp20: | +0.32% | |
Price / MAexp50: | +0.97% | |
Price / MAexp100: | +1.83% |
Quotes :
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15 min delayed data
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NYSE Stocks
News
Don't forget to follow the news on EMERSON ELECTRIC CO.. At the time of publication of this analysis, the latest news was as follows:
- Turnspire Capital Partners Completes Acquisition of the Daniel Measurement and Control Business of Emerson Electric
- Turnspire Capital Partners Agrees to Acquire the Daniel Measurement and Control Business of Emerson Electric
- Research Report Identifies Stryker, Total System Services, Vista Outdoor, Plains All American Pipeline, Emerson Electric, and IZEA with Renewed Outlook — Fundamental Analysis, Calculating Forward Movement
- Research Report Identifies Avangrid, Entercom Communications, Kennedy-Wilson, Emerson Electric, Amgen, and vTv Therapeutics with Renewed Outlook — Fundamental Analysis, Calculating Forward Movement
- Emerson Electric CEO: Tariff Knockback | Mad Money | CNBC
This member declared not having a position on this financial instrument or a related financial instrument.
About author
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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